Important Message
IST Team
Our Intermediary Support Team (IST) will be unavailable between 9:30am and 11:30am on Monday 1 December to enable staff to attend essential training. We apologise for any inconvenience this may cause.
Everyday Buy-to-Let
Our Buy-to-Let product range is available to first time landlords and existing landlords to purchase or re-mortgage a property.
Product Criteria
- 5 Year Fixed Rates: Rental Cover 140% of pay rate
- Rental Cover on debt for debt re-mortgage cases 125% of pay rate
- Fees can be added to the loan for debt for debt remortgages
- Property must be let on an AST
- Rental assessment is based on occupation by 1 family on an unfurnished let
- No HMOs or Limited Companies
- Minimum income £25,000
- Maximum Portfolio with Saffron of £3m (no external exposure limit)
- Interest only or repayment
- Maximum loan size £3,000,000
- Loans over this are priced on a bespoke basis and have restricted LTVs
- Minimum term for this product must equal or exceed that of the fixed rate period
- For portfolio landlords the maximum LTV INCLUDING fees is 75%
- Regulated buy to let accepted – At some point, either now or in the future, you or an immediate family member will occupy the premises or be a tenant. (The definition of an immediate family member includes: parents, grandparents, child, grandchild, brother or sister.)